assets and liabilities of a business at a particular date. It is a liabilities. Sundry Creditors, Bills Payable, Loan etc. are external liabilities. Box 59 (Tax-deductible loss on disposal of fixed assets) Debtors. – Receivables. – Sundry debtors. – Trade debtors. Box 31 Cash and deposits. Sundry assets, frequently known as other current assets (OCA), are uncommon or insignificant things of value a company owns, such as a piece of unimproved land.
Is sundry creditors an asset -
Sundry debtors are people to whom one offers services or goods on a credit basis and those businesses or clients from who the business is owed money because of the credit facilities availed for the furtherance of their business. Nearly every small business out there could benefit from improving how they invoice for work or goods supplied. We can also say that owned Capital is wholly or partly supported by accumulated losses. Now, let's know how you can benefit from such payments. Most businesses require premises from which to operate.